Strive Adds 124 BTC, Holdings Reach 43,124

Nasdaq-listed Strive, Inc. continues its Bitcoin accumulation strategy as rival Metaplanet pauses its purchases to focus on buybacks and debt.

Updated on Nov. 2, 2026 in Business Strategy

Strive Adds 124 BTC, Holdings Reach 43,124

Live Poll

Would you invest in a Bitcoin treasury company's stock?

Strive, Inc. (Nasdaq: ASST) bought 124 Bitcoin, bringing its total holdings to 43,124 BTC. Metaplanet, a Japanese rival treasury firm, paused its Bitcoin accumulation to prioritize share buybacks and paying down debt.

Why it matters

Strive is positioning itself as the second-largest public Bitcoin treasury, behind only Strategy, by building holdings largely through perpetual preferred stock rather than debt. Metaplanet's pause highlights diverging capital strategies among public companies holding Bitcoin.

Strive's record week of 6,182 BTC for about $511 million and roughly $630 million raised from SATS preferred shares in mid-October mark its scale of recent accumulation. Metaplanet holds around 44,000 BTC at an average cost basis of $88,551 to $98,454 per BTC, while Strategy holds roughly 848,000 BTC.

The players

Strive, Inc.

Strive, Inc. is a Nasdaq-listed company under the ticker ASST that has built a large Bitcoin treasury primarily through preferred stock offerings.

Metaplanet

Metaplanet is a Japanese company that has accumulated a large Bitcoin treasury and has now paused purchases to focus on share buybacks and debt reduction.

Strategy

Strategy is the largest public Bitcoin treasury company, holding roughly 848,000 BTC and serving as the benchmark for corporate Bitcoin accumulation.

The details

Strive has financed most of its purchases through perpetual preferred stock rather than debt, raising about $630 million from its SATS preferred shares in mid-October. The company bought 2,000 BTC for roughly $169 million and 3,311 BTC for about $280 million earlier in October.

2025: Strive closed the year with about 7,500 BTC.
October 2026: Strive made several large Bitcoin purchases during the month.
Mid-October 2026: Strive raised about $630 million from SATS preferred shares.
Late October 2026: Strive held 43,124 BTC.

Market Landscape

Strive is competing for the second spot among public Bitcoin treasuries, a position currently held by no company other than Strategy, which holds roughly 848,000 BTC. Its use of perpetual preferred stock rather than debt separates it from some peers as the corporate Bitcoin treasury category consolidates.

For Americans holding Strive shares or following public Bitcoin treasury companies, Strive's strategy shows how corporate Bitcoin exposure can be built without taking on debt. Investors should weigh the risks of preferred stock financing against the potential upside in Bitcoin holdings.

The takeaway

Public companies are testing different financing models to build Bitcoin reserves, and the choice between preferred stock and debt shapes the risk each firm carries. Readers tracking corporate crypto strategy should watch how these structures perform as holdings grow.